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© 2014 Pearson Canada Inc.#
When we say that money is a stock variable, we mean that ____.
A) the quantity of money is measured at a given point in time
B) we must attach a time period to the measure
C) it is sold in the equity market
D) money never loses purchasing power
Answer: A
Diff: 2 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
The difference between money and income is that ____.
A) money is a flow and income is a stock
B) money is a stock and income is a flow
C) there is no difference—money and income are both stocks
D) there is no difference—money and income are both flows
Answer: B
Diff: 2 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
Income is a ____ and wealth is a ____.
A) stock; flow
B) flow; stock
C) variable; constant
D) constant; variable
Answer: B
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
Which of the following is a true statement?
A) Money and income are flow variables.
B) Money is a flow variable.
C) Income is a flow variable.
D) Money and income are stock variables.
Answer: C
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money